Business & Finance
Expro elects ex-Tidewater man as new chief financial officer
Oilfield services company Expro has appointed a new chief financial officer (CFO) of the company.
CMA CGM Launches Shipping Trade Finance Services
The import and export financing services range, Shipfin Trade Finance, was set up with invoice finance platform Incomlend.
Maersk Raises 2019 Profit Forecast
The company now expects its EBITDA to be in the range of USD 5.4 to 5.8 billion, up from the previous USD 5 billion.
Equinor Starts Sverdrup – Mongstad Oil Flows
Oil from the Johan Sverdrup field in the North Sea has arrived at the Mongstad plant north of Bergen. “This is a great day for Equinor and the Johan Sverdrup partnership, consisting of Lundin Norway, Petoro, Aker BP and Total. First oil to Mongstad only a few days after production start confirms tha
Beach Nourishment Begins at Hayling Island
The beach nourishment operations at Hayling Island are set to begin today with the dredger expected to arrive at the dredge site, Chichester Harbor Approach Channel, at approximately midday, Eastern Solent Coastal Partnership – ESCP reports. Once the first dredge has been carried out, the material w
Keel Laid for New English Channel RoPax
Avic Weihai has held a keel-laying ceremony for Stena RoRo’s combined freight and passenger ferry.
BIMCO: Tanker Deliveries Rise as Demolitions Drop to Decade-Lows
Delivered tonnage of crude oil tankers grew by 37%, while total demolitions dropped to the lowest in a decade.
Neptune Shareholders Approve Acquisition by MMA Offshore
Neptune Marine Services’ shareholders have approved the acquisition of the company by MMA Offshore. MMA will acquire Neptune business through the acquisition of its key operating subsidiaries. This follows the approval of the transaction by the shareholders of MTQ Corporation of Singapore, the paren
SalMar Names Witzøe New CEO
Norwegian fish farm company SalMar has appointed Gustav Witzøe as it chief executive officer, effective 21 October 2019. From this date the current CEO, Olav Andreas Ervik, will become managing director of the new subsidiary SalMar Ocean and responsible for the company’s ventures in ocean-based fish
Navios Acquisition Looking to Raise USD 15 Mn
The company would use the funds for general corporate purposes.
Newport Canal Dredging Project Starts Today
The Shropshire Wildlife Trust has just announced that an exciting dredging project to restore Newport Canal back to full health will begin today, October 21. “After a long and detailed period of investigation and consultation we are very pleased to announce that we have appointed a contractor to car
SeaBird Appoints New Interim CEO
SeaBird Exploration board of directors has named Gunnar Jansen to the position of interim CEO, effective immediately. Gunnar Jansen replaces Hans Petter Klohs, who has informed the board of directors that he will leave his position. Jansen joined SeaBird as chief commercial and legal officer in Augu
Balticconnector Compressor Station Trial Run Completed
The trial run of the Balticconnector project’s Inkoo compressor station has been completed, ensuring that the compressor station can be commissioned according to schedule. Completing the compressor station contributes to getting the entire Balticconnector pipeline up and running according to schedul
Aquatic Supports Airborne O&G Spooling Works
Aquatic recently completed spooling support work scope to Airborne Oil & Gas at their base in Ijmuiden, in The Netherlands. Aquatic supplied a 200Te Powered Reel Drive System, a 15Te Tensioner System, a 200Te Under Roller System and a Level Winder System. Aquatic’s equipment and personnel assisted A